Oppenheimer Reiterates Rating on IKT $IKT
Key Points
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Oppenheimer reiterated its rating on Inhibikase Therapeutics, Inc. ($IKT) to a "buy" rating in a recent research note and set a price target of $5, a 199.40% upside from the current price.
Inhibikase Therapeutics, Inc. Stock Down 30.7%
Shares of Inhibikase Therapeutics, Inc. ($IKT) traded around $1.67 on Saturday, down 30.7% for the day.
Inhibikase Therapeutics, Inc. Earnings
Analysts Set New Price Targets
About Inhibikase Therapeutics, Inc.
Inhibikase Therapeutics, Inc. operates as a clinical-stage pharmaceutical company that develops therapeutics to modify the course of cardiopulmonary diseases, with a primary focus on pulmonary arterial hypertension (PAH), a progressive, life-threatening disease characterized by pulmonary vascular remodeling and elevated pulmonary vascular resistance. It offers IKT-001, a novel oral prodrug of imatinib mesylate designed for the treatment of pulmonary arterial hypertension (PAH) was designed to improve areas of the molecule that might play a role in the gastrointestinal side effects associated with imatinib, while maintaining systemic exposure and efficacy through oral administration. The company has completed non-human primate safety studies and a bioequivalence clinical study in healthy volunteers, establishing dose equivalence with imatinib. IKT-001 is currently being evaluated in a global, adaptive Phase 3 clinical trial (IMPROVE-PAH), with endpoints including pulmonary vascular resistance and 6-minute walk distance. Inhibikase Therapeutics, Inc. entered into a collaborative research and development agreement with Sphaera Pharma Pte. Ltd., which was subsequently assigned to Pivot Holding LLC, for prodrug technology development and maintains an exclusive license for IKT-001. The company was founded in 2008 and is headquartered in Wilmington, Delaware.
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